AdvertisementConsulting firm McKinsey has agreed to pay over $122 million to settle bribery claims. The plan earned McKinsey and McKinsey Africa profits of about $85 million, the US DoJ said. McKinsey has agreed to pay more than $122 million to settle bribery claims stemming from its work in South Africa, the US Justice Department said in a statement on Thursday. The Justice Department said that McKinsey and McKinsey Africa earned profits of about $85 million as a result of the arrangement. AdvertisementMcKinsey and Company Africa operates in South Africa as a wholly owned and controlled subsidiary of the international consulting firm.

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Persons: Nicole M, Argentieri, Vikas Sagar, Sagar, McKinsey, Felix Dlangamandla Organizations: McKinsey, DoJ, US Justice Department, The Justice Department, McKinsey Africa, of, South, Department's, Company Africa Locations: McKinsey Africa, Africa, South Africa, Eskom, South, Transnet, Southern, of New York, Sandton